Brookfield India Real Estate Trust
Brookfield India Real Estate Trust REIT is an India-based commercial real estate vehicle. The investment trust's portfolio consists of campus-format office parks. Its commercial assets are located in Mumbai, Gurgaon, Noida and Kolkata.[1]
- Market Cap ₹ 13,144 Cr.
- Current Price ₹ 274
- High / Low ₹ 310 / 232
- Stock P/E 29.2
- Book Value ₹ 251
- Dividend Yield %
- ROCE 3.23 %
- ROE 3.02 %
- Face Value ₹
Pros
- Stock is trading at 1.09 times its book value
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 48.9 days to 28.7 days
Cons
- Tax rate seems low
- Company has a low return on equity of 3.91% over last 3 years.
- Promoter holding has decreased over last 3 years: -14.2%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Real Estate Investment Trusts Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|
957 | 0 | 436 | 335 | 389 | 459 | |
363 | 10 | 17 | 19 | 58 | 23 | |
Operating Profit | 594 | -10 | 419 | 316 | 331 | 437 |
OPM % | 62% | 87% | 96% | 94% | 85% | 95% |
274 | 72 | 35 | 36 | 0 | 110 | |
Interest | 714 | 0 | 0 | 0 | 34 | 65 |
Depreciation | 112 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 41 | 63 | 454 | 352 | 297 | 482 |
Tax % | 64% | 0% | 0% | 4% | -0% | |
15 | 63 | 452 | 339 | 298 | 451 | |
EPS in Rs | 2.07 | 13.50 | 10.11 | 6.80 | 9.74 | |
Dividend Payout % | 0% | 0% | 149% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 38% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 68% |
TTM: | 53% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -3% |
1 Year: | 15% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 4% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 65 | 8,177 | 8,987 | 8,656 | 10,910 | 11,925 |
Reserves | -2,285 | 63 | 139 | 128 | 71 | 130 |
6,922 | 0 | 0 | 0 | 728 | 1,148 | |
673 | 134 | 5 | 19 | 18 | 47 | |
Total Liabilities | 5,376 | 8,374 | 9,131 | 8,803 | 11,729 | 13,250 |
4,517 | 0 | 0 | 0 | 0 | 0 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 4,504 | 6,297 | 6,332 | 9,537 | 10,853 |
858 | 3,870 | 2,834 | 2,471 | 2,191 | 2,398 | |
Total Assets | 5,376 | 8,374 | 9,131 | 8,803 | 11,729 | 13,250 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
532 | -1 | -26 | -28 | -15 | |
98 | -3,610 | 185 | 701 | -2,108 | |
-436 | 3,773 | -144 | -681 | 2,194 | |
Net Cash Flow | 194 | 162 | 14 | -7 | 71 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 17 | 0 | 0 | 0 | |
Inventory Days | |||||
Days Payable | |||||
Cash Conversion Cycle | 17 | 0 | 0 | 0 | |
Working Capital Days | -163 | 50 | 68 | 29 | |
ROCE % | 1% | 5% | 4% | 3% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
14 Nov - Submission of half yearly report for Brookfield India REIT.
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Reg 23(5)(i): Disclosure of material issue
11 Nov - Submission of valuation report for Brookfield India REIT.
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Reg 23(5)(i): Disclosure of material issue
8 Nov - Intimation of financial results for Q2 and H1 2024.
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Reg 23(5)(i): Disclosure of material issue
7 Nov - Earnings call for Q2 FY 2025 results.
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Reg 23(5)(i): Disclosure of material issue
7 Nov - Approved financial results for Q2 and distribution declaration.
Annual reports
Concalls
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Dec 2023Transcript PPT
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT REC
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Jul 2023TranscriptNotesPPTREC
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May 2023Transcript PPT REC
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPTREC
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Jun 2022TranscriptNotesPPTREC
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Feb 2022TranscriptPPT
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Jan 2022TranscriptNotesPPTREC
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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May 2021Transcript PPT
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May 2021TranscriptNotesPPT
Asset Portfolio
As per FY21, the investment trust owns 4 office parks with total leasable area of ~14 million sq. ft. in gateway cities i.e. Gurugram, Noida, Kolkata and Mumbai.[1] The assets include :-
1. Candor Techspace G2 (Gurugram)
2. Candor Techspace N1 (Noida)
3. Candor Techspace K1 (Kolkata)
4. Nensington (Mumbai).[2]